Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    The Fountains At Palomar Lexington, KY 40513

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Lexington location, flexible space available.

    Lot size:
    52,272 SF

    Property Features for 0 The Fountains At Palomar

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,272 SF

    Spaces For Lease

    at 0 The Fountains At Palomar, Lexington, KY 40513 Contact us
    Unit Available Space 2

    $140,000 /Mo

    Size
    52,272 SF
    Contact us

    We can help!

    Listing Contact
    Gordy Hoagland
    Gordy Hoagland

    Listing Agency: White Oak Commercial Real Estate Listing Agent: Gordy Hoagland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Fountains at Palomar presents a unique investment opportunity in Lexington, Kentucky's desirable 40513 zip code. This exceptional commercial property, situated at the high-traffic intersection of Man o' War Boulevard and Harrodsburg Road, offers a range of possibilities for retail and restaurant businesses. The site encompasses 16.25 acres and is categorized as an outparcel/pad development, providing excellent visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 1,900 square feet to a maximum contiguous space of 50,000 square feet. This flexibility allows for businesses of various sizes and needs to find a suitable fit within this thriving commercial center. The property is zoned for retail, restaurant, and land use, offering diverse development potential. Its location within the prestigious 40513 zip code ensures high foot traffic and exposure to a significant consumer base. This is an exceptional chance to establish a presence in a prime Lexington location with significant growth potential. The property's size and zoning make it ideal for a variety of commercial ventures, from smaller retail shops to larger restaurant concepts. Interested parties are encouraged to explore the possibilities this exceptional property offers. The total land area provides ample space for development and expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5811717
    Latitude
    38.0033388

    Nearby Similar for Lease

    • $950 /Mo
      84 SF

      Office Suites in Chevy Chase

      Upscale office building with amenities in the heart of Chevy Chase.
      804 Chevy Chase Pl, Lexington, KY 40502
      View Details
    • New
      $14 SF/Yr
      3,750 SF

      Adaptable Office/Lab Space Available

      Versatile office/lab space for lease in Lexington, Kentucky.
      1509 Bull Lea Rd, Lexington, KY 40511
      View Details
    • $15 SF/Yr
      4,194 SF

      Lexington Office Space For Rent

      Spacious office space in Lexington's thriving business corridor.
      860 Corporate Dr, Lexington, KY 40503
      View Details
    • $21 SF/Yr
      4,902 SF

      Class A Office Building

      Renovated office space for lease in Lexington, KY.
      2312 Alexandria Dr, Lexington, KY 40504
      View Details
    • $40 SF/Yr
      221 SF

      Downtown Lexington Redevelopment Opportunity

      Mixed-use space for retail, restaurant, and office in Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      260 SF

      Downtown Lexington Redevelopment Opportunity

      Mixed-use space in downtown Lexington with retail, office, and restaurant.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      156 SF

      Downtown Lexington Redevelopment Opportunity

      Prime commercial space in downtown Lexington's newest redevelopment.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      272 SF

      Downtown Lexington Redevelopment Opportunity

      New retail and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      215 SF

      Downtown Lexington Redevelopment Opportunity

      Prime retail and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      286 SF

      Downtown Lexington Redevelopment Opportunity

      New retail, restaurant, and office spaces in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $25 SF/Yr
      1,188 SF

      Downtown Lexington Redevelopment Opportunity

      Retail, restaurant, and office spaces available in downtown Lexington.
      325 W Main St, Lexington, KY 40507
      View Details
    • $40 SF/Yr
      245 SF

      Downtown Lexington Redevelopment Opportunity

      Prime commercial space in downtown Lexington's newest redevelopment.
      325 W Main St, Lexington, KY 40507
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Lexington location, flexible space available.
    Where is this restaurant located?
    The property is located at The Fountains At Palomar Lexington, KY.
    What is the lease rate?
    The lease rate is $140,000.
    What are key features of this property?
    This property features: High-visibility corner location at Man O' War Blvd and Harrodsburg Rd.; Over 111,000 square feet of retail space.; Five-minute proximity to Blue Grass Airport and Keeneland Race Course.
    (502) 387-1734 Call to check price and availability
    Request Owner's contact information
    The Fountains At Palomar Lexington, KY 40513
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    The Fountains At Palomar
    Lexington, KY 40513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    The Fountains At Palomar Lexington, KY 40513
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gordy Hoagland
    Gordy Hoagland
    Real Estate License ID: 217910
    (502) 387-1734
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!